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Income from fno

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(Querist)
27 July 2018 Assessee (Senior citizen age of 83 years) is has incurred a loss of Rs. 9.00 lakhs on total turnover of Rs. 31.00 lakhs ( on trading in Future n Option (derivatives) and having a pension income of Rs. 3.50 lakhs.plus interest of Rs. .50 lakhs , since there is loss in business is it necessary to carry out the tax audit for a.y. 2018-19 or ITR 3 can be filed without tax audit and what is the business code to be mentioned
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CA Vijay Kumar Gupta

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CA Vijay Kumar Gupta (Expert)
30 July 2018 No audit is required as his income does not exceeds the exemption limit of Rs 5 lacs (in case of super senior Citizen)
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kumudprakash k doshi

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kumudprakash k doshi (Querist)
30 July 2018 thanks for early reply
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